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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Total revenues $ 7,447.8 $ 7,339.0
Cost of sales:    
Total cost of sales 6,202.6 6,086.7
Gross profit 1,245.2 1,252.3 Close
Selling, general, and administrative expenses 879.8 844.9 Close
Depreciation 37.8 33.9 CloseClose
Total Operating Expenses 917.6 878.8 0 0 0 Close
Operating income 327.6 373.5 Close
Floor plan interest expense (44.8) (27.9) Close
Other interest expense (21.3) (20.8) Close
Total Other Income Expenses -32.8 33.4 0 0 0 Close
Equity in earnings of affiliates 33.3 82.1 CloseClose
Income before income taxes 294.8 406.9 Close
Income taxes (78.6) (107.3) Close
Net income 216.2 299.6 Close
Less: Income attributable to non-controlling interests 1.0 1.3
Net income attributable to Penske Automotive Group common stockholders $ 215.2 $ 298.3
Basic earnings per share attributable to Penske Automotive Group common stockholders:    
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 3.21 $ 4.31
Shares used in determining basic earnings per share (in shares) 67,061,968 69,201,232
Diluted earnings per share attributable to Penske Automotive Group common stockholders:    
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 3.21 $ 4.31
Shares used in determining diluted earnings per share (in shares) 67,077,401 69,218,861
Amounts attributable to Penske Automotive Group common stockholders:    
Net income $ 216.2 $ 299.6
Less: Income attributable to non-controlling interests 1.0 1.3
Net income attributable to Penske Automotive Group common stockholders $ 215.2 $ 298.3
Cash dividends per share (in dollars per share) $ 0.87 $ 0.61
Retail automotive dealership    
Revenue:    
Total revenues $ 6,478.0 $ 6,299.8
Cost of sales:    
Total cost of sales 5,420.8 5,237.2
Retail commercial truck dealership    
Revenue:    
Total revenues 791.8 895.6
Cost of sales:    
Total cost of sales 647.0 748.6
Commercial vehicle distribution and other    
Revenue:    
Total revenues 178.0 143.6
Cost of sales:    
Total cost of sales $ 134.8 $ 100.9